EUWAX AG — Earnings Release 2002

Oct 7, 2002

News Details

Ad-hoc | 7 October 2002 08:30

Euwax Broker AG english

EUWAX Broker AG With Significantly Improved Results at 30.09.2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– For the third quarter of 2002, ended September 30, 2002, EUWAX Broker AG earned a net income of EUR 2,622tsd. (3. quarter 2001: EUR 1,653 tsd.). This was an increase of 58.7% compared to the third quarter 2001. Since the beginning of the year the net profit has grown to EUR 5,882tsd., thus being EUR 909tsd. or 18.3 % higher than last year. The results per 30.09.2002 include those of the former subsidiary SWG Wertpapierhandels AG, which was taken over per 09.07.2002 and fully consolidated per 08.08.2002 taking into account all their records on a retroactive basis since 01.01.2002. The results were fully consolidated for the first time after the “4. Finanzmarktförderungsgesetz” come into force this summer. The securities position in fixed assets, which was built up upon long-term strategic considerations, is strained with a decrease in the value of EUR 995tsd. due to the erratic and hefty decline in market prices since March 2002. The company does not assume a lasting decrease in value and has therefore not depreciated the securities portfolio at the moment. DVFA/SG earnings per share amounted to EUR 0.61 in the 3. quarter (third quarter 2001: EUR 0.44) and for the first nine months to EUR 1.37 (2001: EUR 1.33). Therefore, the dilution effect due to the takeover of SWG AG (capital increase to 301.500 shares) and the exercise of convertible war-rants (226.222 shares) was more than compensated. Figures (III/02 – III/01 – change / I-III.02 – I-III.01 / change) Subscribed Capital tsd.EUR 4,278 3,751 14.1% 4,278 3,751 14.1% EPS (DVFA/SG) EUR 0.61 0.44 39.1% 1.37 1.33 3.7% Revenues tsd.EUR 12,147 5,339 128.0% 23,561 15,766 49.2% Expenses tsd.EUR 7,655 2,603 194.1% 13,674 7,533 81.5% Earnings before Tax tsd.EUR 4,519 2,737 65.1% 9,842 8,234 19.5% Net Income tsd.EUR 2,622 1,653 58.7% 5,882 4,973 18.3% Trading Income tsd.EUR 11,752 4,792 145.2% 21,998 14,412 52.6% ROE before Tax, % 32.6 38.9 -16.3% 32.6 38.9 -16.3% (all figures to 2002 preliminary) Thomas Krotz – CFO, Tel.: 0711 – 2 22 98 93 60; eMail: investor.relations@euwax- broker.de; Stuttgart, 07.10.2002 end of ad-hoc-announcement (c)DGAP 07.10.2002 ——————————————————————————– WKN: 566010; ISIN: DE0005660104; Index: Listed: Amtlicher Markt in München; Freiverkehr in Frankfurt, Berlin, Düsseldorf, Hamburg, Stuttgart 070830 Okt 02